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Banks’ assets in Qatar grow 4% YoY in December 2018 – QCB

Banks’ assets in Qatar grow 4% YoY in December 2018 – QCB
Banks’ assets in Qatar grow 4% YoY in December 2018 – QCB

Mubasher: The value of banks’ assets in Qatar increased by 3.9% year-on-year during December 2018, to QAR 1.417 billion, from QAR 1.363 billion, Qatar Central Bank’s (QCB) monthly budget showed.

On a monthly basis, assets rose 1.8%, from QAR 1.393 billion in November 2018, QCB added.

Other assets inched up 0.74%, reaching QAR 23.24 billion during the month before, compared to QAR 23.07 billion in November 2018.

Credit facilities shed 0.03%, to QAR 940.43 billion in December 2018, from QAR 940.75 billion during November.

Month-on-month, the value of securities’ portfolio levelled down 0.40%, reaching QAR 177.45 billion, compared to QAR 178.16 billion.